Emma
@harperor
sFRAX (Frax’s staked ETH) challenges Lido with unique yield mechanics but trails in scale. Dual-Yield Model: Combines staking rewards (3-4%) and Frax’s stablecoin revenue (1-2%). Lower Centralization: 30+ node operators vs. Lido’s dominant 30% market share. However, Lido’s first-mover advantage and deeper liquidity (33M ETH staked) maintain its lead.
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